This blog will go on for months to come to weed out Corporate misconducts as a service to the taxpayers and Malaysians in general.

Say No To Hudud

Wednesday, April 6, 2011

PLUS Expressway's MD Datuk Noorizah Hamid felt very uncomfortable with Chin Kwai Fatt standing right by her side

Chin Kwai Fatt has found the ability to make those around him very uncomfortable indeed. Pictured here together with PLUS Expressway's MD Datuk Noorizah Abd Hamid

PLUS Expressway's Datuk Noorizah had asked Chin Kwai Fatt some of the questions raised in this blog and elsewhere, but Chin Kwai Fatt could not give any answers.

Every Corporate leader who has the "good fortune" to share the stage with Chin Kwai Fatt, or even finds Chin Kwai Fatt in the same room, sometimes cannot help feeling just a wee bit apprehensive because of the various revelations about his conduct raised here and elsewhere.

Phones are gripped a little tighter, the mood becomes a bit more oppressive and eyes dart around to make sure that the press is not waiting in ambush nearby.

The questions flow unchecked in the mind, and the corporate leader is left to wonder what answers Chin Kwai Fatt will give, if the questions running amok in the mind were to be voiced out.

What would Chin Kwai Fatt reply, if he was asked why he chose to not disclose several hundred million Ringgit in contingent liabilities arising from several lawsuits against PricewaterhouseCoopers Consulting Sdn Bhd (464379-U), to IBM Corp when they bought over the consulting business of PwC International back in 2002?

What would he say was the excuse for renaming another firm as PwC Consulting Malaysia Sdn Bhd, and selling it off to IBM Corp?

How would he justify the hiring of Mr. Foong Weng Chee and Ms. Chu Kum Yoon, a man with his own accounting firm and a company secretary respectively, who have never been involved in the consulting business of PwC, as the directors for the 'sham' company he renamed as PwC Consulting Malaysia Sdn Bhd?

How would Chin Kwai Fatt rationalize the fact that PricewaterhouseCoopers Consulting Sdn Bhd (464379-U), a company under himself along with the Executive Chairman of PwC, Dato Johan Raslan, as well as his fellow senior partners in PwC Malaysia, Lee Tuck Heng and Khoo Chuan Keat, uses the services of a tainted auditor, even though as the leaders of PwC Malaysia, the largest audit firm in the country, they could have easily picked an auditor with a pristine record to audit the books for the company they helmed?

How would Chin Kwai Fatt warrant his signing of a false declaration in 2008, for the annual returns of PricewaterhouseCoopers Consulting Sdn Bhd (464379-U), that the firm can meet its liabilities as and when they may fall due, even though he knew that the contingent liabilities from the several lawsuits, which the firm had not applied to strike off, had not been disclosed, making his signing an offence under the Malaysian Penal Code?

And the biggest question which Corporate leaders like Datuk Noorizah would be wondering about will be why Chin Kwai Fatt doesn't just come out and deny the allegations of fraud, and put matters to rest once and for all, instead of trying to maintain a silence which just adds to the suspicion the questions have raised against his firm, his staff and himself.